BUSINESS COLLEGE

Telfer, Inc. reported net income of $2.3 million in 2020. Depreciation for the year was $157,100, accounts receivable decreased $329,900, and accounts payable decreased $302,000. Compute net cash provided by operating activities using the indirect method.

Answers

Answer 1
Answer:

Answer:

$2,479,600

Explanation:

The computation of the operating activities via indirect method is shown below:

Cash flow from operating activities

Net income = $2,300,000

Add : Depreciation for the year $157,100

Add: Decrease in account receivable $329,900

Less: Decrease in account payable -$302,000

Net cash flow provided by operating activities $2,479,600

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Suppose a State of New York bond will pay $1,000 ten years from now. If the going interest rate on these 10-year bonds is 5.5%, how much is the bond worth today

In January, Knox Company requisitions raw materials for production as follows: Job 1 $936, Job 2 $1,690, Job 3 $767, and general factory use $667.Prepare a summary journal entry to record raw materials used:

DEBIT CREDIT
Work in Process Inventory
Jan 31. Manufacturing Overhead
Raw Materials Inventory

Answers

Answer:

Materials used in production go to Work in Process so;

= 936 + 1,690 + 767

= $3,393

The materials used in the general factory will go to Manufacturing Overhead.

Date                                                                         Debit                   Credit

Jan 31   Work in Process                                     $3,393

             Manufacturing Overhead                      $   667

             Raw Materials Inventory                                                    $4,060

Hubbard Industries just paid a common dividend, D0, of $2.00. It expects to grow at a constant rate of 3% per year. If investors require a 8% return on equity, what is the current price of Hubbard's common stock

Answers

Answer:

The answer is $41.2

Explanation:

This will be solved by Dividend Discount Model which is one of the ways of valuing the price of shareholders' equity.

Here, the future value of dividend payment are discounted using the cost of equity.

Ke = D1/Po + g

Where Ke is the cost of equity

D1 is future dividend payment.

Po is the current share price or stock price

g is the growth rate.

To find the current price of stock price, we need to re write the equation;

Po = D1 ÷ (Ke - g)

D1 = Do x 1.03

= $2 x 1.03

=2.06

Ke = 8% or 0.08

g = 3% or 0.03

So we have;

2.06 ÷ (0.08 -0.03)

$2.06 ÷ 0.05

$41.2

In an efficient market, professional portfolio management can offer all of the following benefits except which of the following? A. A superior risk-return trade-off
B. Low-cost diversification
C. A targeted risk level
D. Low-cost record keeping

Answers

Answer:

A. A superior risk-return trade-off

Explanation:

In a normal and efficient market a professional portfolio management service is able to offer  Low-cost diversification, A targeted risk level, and even a Low-cost record keeping. What they cannot offer is a superior risk-return trade-off, this is because risk-return holds a very correlated trade-off in which the higher amount of risk your portfolio holds the higher returns you can get from it, but this does not get rid of the risk which can cause you to lose all of your money. Therefore "superior" is unnachievable.

What was the decision of the Supreme Court in kelo v.city of New London

Answers

Answer:

Court held that the general benefits a community enjoyed from economic growth qualified private redevelopment plans as a permissible "public use" under the Takings Clause of the Fifth Amendment
The Supreme Court decided that the plan served a public purpose and met the requirement in the Fifth Amendment.

edmentum

Suppose that your demand schedule for dvds is as follows: price quantity demanded (income = $10,000) quantity demanded (income = $12,000) $8 40 dvds 50 dvds 10 32 45 12 24 30 14 16 20 16 8 12a. use the midpoint method to calculate your price elasticity of demand as the price of dvds increases from $8 to $10 if (i) your income is $10,000 and (ii) your income is $12,000.
b. calculate your income elasticity of demand as your income increases from $10,000 to $12,000 if (i) the price is $12 and (ii) the price is $16.

Answers

The demand schedule is first rearranged as in the attached photo.

The questions can be answered using the following midpoint method formulae:

Price elasticity of demand = Change is quantity / Change in price …………… (1)

Income elasticity of demand = Change is quantity / Change in income …………(2)

Where:

Change in quantity = (New quantity - Old quantity) / ((New quantity + Old quantity)/2)

Change in Price = (New price - Old price)/ ((New price + Old price)/2)

Change in income = (New income - Old income)/ ((New income + Old income)/2) =

Using the formulae, we have:

a(i) Price elasticity of demand when income is $10,000

We have:

Change in quantity = (New quantity - Old quantity) / ((New quantity + Old quantity)/2) = (32-40) / ((32+40)/2) = -0.222222222222222

Change in Price = (New price - Old price) / (New price + Old price)/2) = (10-8) / ((10+8)/2) = 0.222222222222222

Price elasticity of demand when income is $10,000 = Change is quantity / Change in price = -0.222222222222222 / 0.222222222222222 = -1

a(ii) Price elasticity of demand when income is $12,000

We have:

Change in quantity = (New quantity - Old quantity) / ((New quantity + Old quantity)/2) = (45-50) / ((45+50)/2) = -0.105263157894737

Change in Price = (New price - Old price) / (New price + Old price)/2) = (10-8) / ((10+8)/2) = 0.222222222222222

Price elasticity of demand when income is $12,000 = Change is quantity / Change in price = -0.105263157894737 / 0.222222222222222 = -0.473684210526316, or -0.47 approximately

b(i) Income elasticity of demand as income increases from $10,000 to $12,000 if the price is $12

Change in quantity = (New quantity - Old quantity) / ((New quantity + Old quantity)/2) = (30 - 24) / ((30 + 24)/2) = 0.222222222222222

Change in income = (New income - Old income)/ (New income + Old income)/2) = (12,000 – 10,000)/ ((12,000 + 10,000)/2) = 0.181818181818182

Income elasticity of demand = Change is quantity / Change in income = 0.222222222222222 / 0.181818181818182 = 0.81818181818182, or 0.82 approximately

b(ii) Income elasticity of demand as income increases from $10,000 to $12,000 if the price is $16

Change in quantity = (New quantity - Old quantity) / ((New quantity + Old quantity)/2) = (12 - 8) / ((12 + 8)/2) = 0.40

Change in income = (New income - Old income)/ (New income + Old income)/2) = (12,000 – 10,000)/ ((12,000 + 10,000)/2) = 0.181818181818182

Income elasticity of demand = Change is quantity / Change in income = 0.40 / 0.181818181818182 = 2.20

Learn more here:brainly.com/question/13324924.

a. use the midpoint method to calculate your price elasticity of demand as the price of dvds increases from $8 to $10 if (i) your income is $10,000 and (ii) your income is $12,000 : -1

Explanation:

Suppose that your demand schedule for DVDs is as follows:

price

$8

10

12

14

16

quantity demanded (income = $10,000)

40 pizza

32

24

16

8

quantity demanded (income = $12,000)

50 pizza

45

30

20

12

a. use the midpoint method to calculate your price elasticity of demand as the price of dvds increases from $8 to $10 if (i) your income is $10,000 and (ii) your income is $12,000.

Price elasticity of demand   (Income $10,000) =  Quantity present - quantity previous  / (quantity present + quantity previous /2) divide with (Price present - price previous /  (price present + price previous /2))

quantity present - quantity previous / (quantity present + quantity previous/2) = 32-40 / ((32+40)/2)  = 9/36 = -0.2222

(Price present - price previous /  (price present + price previous /2))

= 10-8 / ((10+8)/2)  = 2/9  = 0.2222

Price elasticity of demand   (Income $10,000) =  Quantity present - quantity previous  / (quantity present + quantity previous /2) divide with (Price present - price previous /  (price present + price previous /2)) = -0.2222 /  0.2222 = -1

Learn more about price quantity brainly.com/question/1657280

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Dimitrov Corporation, a company that produces and sells a single product, has provided its contribution format income statement for July.Sales (6,800 units) $401,200
Variable expenses 265,200

Contribution margin 136,000
Fixed expenses 103,500
Net operating income $32,500



If the company sells 6,700 units, its net operating income should be closest to:

a. $31,979
b. $32,500
c. $28,000
d. $30,500

Answers

Answer:

Option (d) is correct.

Explanation:

Contribution margin per unit:

= Contribution margin ÷ No. of units sold

= 136,000 ÷ 6,800

= $20 per unit

If the company sells 6,700 units, then

Net operating income:

= Contribution margin - Fixed expenses

= (6,700 units × $20 per unit) - $103,500

= $134,000 - $103,500

= $30,500

Therefore, the net operating income of this company is closest to $30,500.
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